About: http://data.cimple.eu/news-article/a42a5a3a991fe34949d657ed3a6c49572c134d8dfec9f9a322ea71ec

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks finished little changed Tuesday as renewed concerns about higher interest rates offset strong manufacturing data and a rally in petroleum-linked shares. Stocks opened solidly higher on the first trading day after the holiday weekend, but the momentum faded as the yield on the 10-year US Treasury note jumped, amplifying worries over an inflation spike that potentially could lead to a shift in monetary policy. An index of US manufacturing activity rose further in May, although factories struggled with snarled supply chains and finding workers, according to a survey by the Institute for Supply Management. "Demand is strong, but what good is that if you cannot get the materials needed to produce your finished goods?" a nonmetallic mineral products company told the survey. The Dow Jones Industrial Average finished up 0.1 percent at 34,575.31. The broad-based S&P 500 slipped 0.1 percent to close at 4,202.04, while the tech-rich Nasdaq Composite Index also lost 0.1 percent at 13,736.48. Markets have become leery that the economic reopening will cause a price spiral, but Peter Cardillo of Spartan Capital noted that inflation would "not necessarily be detrimental to the equity market." He predicted that "this is the beginning of a summer rally." Petroleum-linked shares were big winners, with Apache surging more than 10 percent, Chevron winning 2.7 percent and Halliburton rising 4.1 percent. The sector is seen as a big beneficiary of a reopening economy and rising demand for gasoline and other petroleum products. Banking giants JPMorgan Chase, Citigroup and Bank of America all piled on more than one percent on expectations for higher interest rates. AMC Entertainment had another banner day, soaring 22.1 percent, with improving ticket sales over the Memorial Day weekend adding to support from retail investors who have organized behind the company on social media. jmb/hs
schema:headline	US stocks end little changed as oil shares surge
schema:mentions	Apache HTTP Server S&P 500 Index JPMorgan Chase Chevron Corporation Stock AMC Theatres Protest Dow Jones Industrial Average Petroleum Memorial Day Inflation Social media Halliburton Citigroup United States Treasury security Mining Price of oil Monetary policy NASDAQ Composite Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)

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